this post was submitted on 25 Sep 2024
69 points (100.0% liked)

TechTakes

1283 readers
288 users here now

Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.

This is not debate club. Unless it’s amusing debate.

For actually-good tech, you want our NotAwfulTech community

founded 1 year ago
MODERATORS
[email protected]
69
OpenAI ditches non-profit board, will spin off as venture capital lottery ticket (www.reuters.com)
submitted 1 day ago by [email protected] to c/[email protected]
15 comments fedilink hide all child comments
 

archive: https://archive.fo/zNRet

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 4 points 22 hours ago

@grrgyle @techtakes I suspect steady/incremental returns mean dwindling asset value in the current business environment, typified by rapid churn and major tech transitions every decade (to say nothing of climate change and an unstable global political situation). If 10% of your investment portfolio becomes non-viable every decade (eg. no good owning coal fields any more) you have to grow fast or die. At least, that's how the investment funds see it.